From last two trading sessions we have seen range bound
trading in Nifty though traded with negative bias. It made a high of 7994 but
unable to sustain and slipped again. Zigzag move continues in Nifty and Bank
Nifty. Stock specific moved up sharply but no charm seen at upper levels too.
Nifty future...Close above 7990... will see upside rally
till 8023---8048 and then to 8088 mark. More and more power will see only close
above 8100 mark else it could test its support level of 7910 again.
Further panic seen only close below 7910 mark. Close below
7910 will take to 7883---7769 and then to 7748 mark. Major support at 7690.
Traders can trade with levels only... Any reversal seems
will update
No charm seen in the market and we will expect choppy
trading session remain continue till 17th Dec as all eye on FOMC meet. So
traders can trade safely with levels only and wait for confirmation.
More will be update during market time only on our Android
App.
